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27th August 2017
11:42am BST
It seems like a rite of passage for teenage girls in Ireland, but now it has been revealed that the jewellery store is in a lot of danger, and could very soon go into bankruptcy. US credit rating firm, Fitch Ratings, is reporting that Claire's is in major debt, and the figure is actually quite shocking. According to commercial website Retail Dive, which published the findings, the store reportedly owes $1.799 billion (€1.51b) in the US alone. Ouch.
With that amount of growing debt, included with awful interest rates, it's not looking good for Claire's Accessories. Let's just hope it can somehow climb out of it.
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